WTO gives nod to US to impose trade sanctions on EU goods worth 7.5 bn USD

The World Trade Organization, WTO, has formally given the go-ahead for the United States to impose trade sanctions on up to 7.5 billion dollars worth of European Union goods. This follows a ruling that European planemaker Airbus received illegal subsidies. The move by the WTO's dispute settlement body was largely a formality after the long-awaited ruling by a WTO arbitration panel on the 2nd of this month. The ruling found that the European bloc and member States Britain, France, German...